South Korea's Asiana Airlines to receive $1.4 billion support from creditors

South Korean creditors plan to provide 1.6 trillion won ($1.40 billion) in financial support to debt-laden Asiana Airlines Inc, the country`s finance minister said on Tuesday, alleviating liquidity problems after a bruising month.

South Korea's Asiana Airlines to receive $1.4 billion
Asiana Airlines` biggest shareholder earlier this month said it would sell its entire stake of 564 billion won as of Monday`s closing share price, in response to creditors` rejection of an earlier request for support of 500 bn won. Image source: Reuters

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